We Need a Magna Carta for the Regulatory State
Magna Carta (1215-2015) |
Allan Meltzer and Kenneth Scott, both of the Hoover Institution, explain how this document planted the seed of the Rule of Law:
Rule of law is often summarized as equal treatment under the law.
By far the most important contribution of the Magna Carta to the rule of law was that King John accepted that his authority was limited, not absolute, and that the limitation was open to negotiation. From this beginning, the rule of law gradually replaced unrestricted sovereign authority.
From the Magna Carta's seed to the tree of limited government, we've been blessed with economic gain:
By adopting the rule of law, countries reduce uncertainty, which is the foundation of homegrown innovation. The rule of law, and the freedoms that it brings, explain why the United States innovates in the arts, technology and other areas.
Take, for instance, the ever-encroaching Federal Regulatory State.
"The administrative process has become about how unelected officials make laws," William Kovacs, the U.S. Chamber's Senior Vice President for Environment, Technology & Regulatory Affairs, told the Senate Judiciary Committee. The Rule of the Regulators has trumped the Rule of Law:
... Agencies fill in so many "gaps" they make more law than Congress, all the while ignoring the impacts analyses that Congress requires. Meanwhile, the courts avoid dealing with the complexity by granting tremendous deference to agency decisions. And Congress has focused so intently on the problems with specific rules that it has ignored for almost seventy years one of the most important aspects of our complex society--that while regulators make many laws, all legislative power is still vested in Congress and Congress needs to better ensure that agencies carry out its intent.
- The final Waters of the United States (WOTUS) rule will extend EPA authority over nearly every body of water, literally making land use decisions a federal issue.
- Final carbon regulations to be released later this summer will drive out the use of abundant coal for generating electricity, likely making the power grid less reliable and electricity more expensive.
- This fall, a new ozone standard is expected to be released. Even though ozone levels have been falling for decades, communities that don't meet the new standard will endure "strict regulatory permitting requirements" that will hamper economic growth and cost jobs.
The regulators must be better regulated. We need a Magna Carta for the Regulatory State.
We need reforms to the regulatory process that restore accountability, offers transparency, provides meaningful public participation, and guarantees a safe but swift permitting process.
Americans need a regulatory system that works for them, not one that stifles their opportunities for a better life.
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Sean Hackbarth is a policy advocate and Senior Editor at U.S Chamber of Commerce. He twitters at @seanhackbarth and is a contributing author at the ARRA News Service.
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